Notice 2026-1 (the Notice) provides important guidance under Section 45Q of the Internal Revenue Code of 1986, as amended (the Code), for taxpayers claiming that carbon oxides are stored in secure ...

The Internal Revenue Service (IRS) is encouraging taxpayers to prepare early for the 2026 tax filing season. By visiting the IRS website, taxpayers can find tips on new considerations for filing. The ...

GREENSBORO, N.C. — The headline was, "IRS Direct File is no longer available". But what many of you heard was "IRS Free File is no longer available". That's not true. IRS Free File, the program that ...

The IRS has announced new tax brackets, one day after furloughing half its staff due to the ongoing government shutdown. The standard deduction for those filing single or separately will be bumped to ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

MEMPHIS, Tenn. - The Internal Revenue Service (IRS) will start the removal process of paper tax refund checks for individual taxpayers, according to the IRS. The option for paper tax refund checks for ...

The AICPA recommended in a letter that the IRS improve several tax forms used by estates and trusts, in keeping with an executive order mandating that federal tax payments and refunds be processed ...

The Trump Savings Account is one of the most talked-about provisions of the “One Big Beautiful Bill Act.” Marketed as a way to give children under age 18 a head start on saving for retirement, these ...

The Internal Revenue Service posted guidance just in the nick of time for some taxpayers on the treatment of research and experimentation expenses under the new tax law. Processing Content On Thursday ...